Sunday, November 20, 2011

U.S wages are out of line

America's familiar debate over income inequality conceals and confuses at least as much as it reveals. To hear most journalists and activists tell the story, our country is the scene of a rampant and long-running economic travesty, as the rich grow richer, the poor grow poorer, and the distance between them belies the promise of America even in times of prosperity. Wages in the United States are out of line with the rest of the world. The basis for this assertion is that the U.S. has a large trade deficit.

It is time to reform public employee compensation in California. Public employee compensation is out of line with the private sector in every area. There are thousands of individual government agencies in the state, employing almost 2 million individuals. Whether the standard is salary, working conditions, benefits, or especially pensions, public employees in California receive compensation far in excess of what workers in the private sector do. It is illiberal and unjust, and no true liberal or progressive should support current public employee compensation. Read more....

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